MARKET CLOSE: New Zealand shares join global rally on Chinese stimulus

Wed, 05 Feb 2020

New Zealand shares rebounded today, as a strong lead from Wall St and stimulus from the People’s Bank of China buoyed Asian markets from coronavirus fallout and caused investors to walk back a portion of the recent sell off. The S&P/NZX 50 Index rose 92.59 points, or 0.8 percent, to 11,604.08. Within the index, 27 stocks rose, 19 fell and four were unchanged. Turnover was $180.7 million. A lift from Wall Street set the tone throughout Asia after Chinese stimulus helped allay fears about the economic impact of the coronavirus outbreak....

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